Motorola / Kreatel Communications

Motorola Inc. said on Tuesday it agreed to acquire Kreatel Communications, a Swedish developer of set-top television boxes, for an undisclosed sum.
The acquisition is expected to close in the first quarter 2006.

Kreatel, which is headquartered in Linkoping, Sweden, develops Internet Protocol-based digital set-top television boxes, and has a customer base that includes Telefonica in Spain, TeliaSonera in Sweden, and KPN, in The Netherlands. The Kreatel management team will remain in Linkoping, and will be integrated into Motorola's Connected Home Solutions division.

Shares of Motorola, which have traded between $14.48 and $24.99 over the last year, were down 8 cents at $23.95 in morning trading on the New York Stock Exchange.

(c) AP